12 March 2014

China prices remained some way stranded
behind their Indian sub continent competitors by as much as USD 150 per LT LDT,
as the local market once again struggled to compete.

Even smaller general cargo vessels were
being mooted for a voyage over to India Bangladesh range such was the gulf in
levels between the markets. State subsidized vessels continue to fill yards
however, all on a private basis done directly between recycling yards and
owners. This is something that has kept prices artificially low as end buyers
remain well stocked with vessels cheaper than the international standard due to
the high government premium state owners receive on their Chinese flagged
tonnage.